BIO-key (BKYI) Stock Jumps as Nordic Deal and New Biometric Tech Fuel Investor Buzz
BIO-key International shares rose about 8% in two weeks, trading near $0.77 after a spike to $0.82 last week on new product news. The company signed a Nordic distribution deal with IT2Trust and launched the EcoID III fingerprint scanner. Q2 revenue jumped 49% to $1.7 million, but BIO-key remains unprofitable. The firm secured $1.13 million in new financing and reported $3.1 million in cash as of Q2.